Leela Palaces Hotels & Resorts (THELEELA) Q4 24/25 earnings summary

Executive summary

• Achieved a return to profitability in FY 2024-25, with consolidated net profit of INR 476.58 million, marking the first profitable year since Brookfield's acquisition in 2019.

• Successfully completed an IPO in June 2025, raising INR 35,000 million, with proceeds used primarily for debt repayment and strengthening the balance sheet.

• Expanded portfolio to 13 operational hotels and 8 in development, reinforcing leadership in Indian luxury hospitality.

• Maintained industry-leading EBITDA margin of 49.8% and Net Promoter Score (NPS) of 85.

Financial highlights

• Consolidated revenue from operations grew 11% year-over-year to INR 13,005.73 million.

• EBITDA increased to INR 7,001.68 million (49.8% margin), up from INR 6,000.26 million (48.9%) in FY 2023-24.

• PAT turned positive at INR 476.58 million, compared to a loss of INR 21.27 million in the previous year.

• Average Room Rate (ARR) for owned portfolio rose to INR 22,545, with RevPAR at INR 15,306, both up over 7% year-over-year.

• Total income reached INR 14,065.56 million, up 14.7% year-over-year.

Outlook and guidance

• Focused on thoughtful expansion into high-barrier, high-growth markets, with 8 new properties in the pipeline.

• Continued asset-light growth through management contracts and branded experiences.

• Strategic investments in technology, sustainability, and guest experience to drive future growth.

• Targeting further improvement in profitability and capital efficiency, with a strong balance sheet post-IPO.